Point72 Hong Kong Ltd Boosts Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Point72 Hong Kong Ltd boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 482.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,592 shares of the company's stock after buying an additional 43,570 shares during the quarter. Point72 Hong Kong Ltd's holdings in DoubleVerify were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in DoubleVerify during the 4th quarter valued at $33,957,000. BNP Paribas Financial Markets bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $31,579,000. Alta Fox Capital Management LLC purchased a new stake in shares of DoubleVerify in the 4th quarter worth about $24,267,000. Rockefeller Capital Management L.P. purchased a new position in DoubleVerify during the 4th quarter valued at about $14,932,000. Finally, Goodman Financial Corp bought a new position in DoubleVerify during the 4th quarter valued at approximately $13,199,000. Institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

NYSE DV traded down $0.12 on Monday, reaching $14.12. 1,765,345 shares of the stock traded hands, compared to its average volume of 2,341,965. The company has a fifty day moving average price of $13.41 and a 200-day moving average price of $17.61. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. During the same period in the previous year, the business earned $0.04 EPS. DoubleVerify's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DV shares. Robert W. Baird reissued a "neutral" rating and issued a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Royal Bank of Canada lowered their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. The Goldman Sachs Group decreased their target price on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Barclays cut their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, DoubleVerify presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.